Published on 6/25/2015 in the Prospect News Municipals Daily.
New Issue: Arlington ISD, Texas, prices $220.3 million of school building bonds
By Sheri Kasprzak
New York, June 25 – Arlington Independent School District of Texas sold $220.3 million of series 2015 unlimited tax school building bonds, according to a pricing sheet.
The bonds (Aa1/AA/) were sold through Raymond James/Morgan Keegan.
The bonds are due 2016 to 2040 with coupons from 1% to 5%.
Proceeds will be used to finance the construction, equipment, acquisition and improvement of school buildings and facilities.
| Issuer: | Arlington Independent School District
|
| Issue: | Series 2015 unlimited tax school building bonds
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| Amount: | $220.3 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan (lead), BOSC Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC, Stephens Inc. and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody’s: Aa1
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| Standard & Poor’s: AA
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| Pricing date: | June 24
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| Settlement date: | July 21
|
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| Amount | Maturity | Type | Coupon | Price
|
| $3.64 million | 2016 | Serial | 1% | 100.447
|
| $2.8 million | 2017 | Serial | 3% | 103.593
|
| $740,000 | 2018 | Serial | 2% | 102.348
|
| $2,875,000 | 2019 | Serial | 5% | 112.816
|
| $3,705,000 | 2020 | Serial | 5% | 114.867
|
| $1.17 million | 2021 | Serial | 3% | 106.056
|
| $7,645,000 | 2022 | Serial | 5% | 117.902
|
| $8.04 million | 2023 | Serial | 5% | 118.881
|
| $8,455,000 | 2024 | Serial | 5% | 119.852
|
| $8,885,000 | 2025 | Serial | 5% | 120.68
|
| $8,975,000 | 2026 | Serial | 5% | 119.554
|
| $9,435,000 | 2027 | Serial | 5% | 118.626
|
| $9,295,000 | 2028 | Serial | 3.25% | 100.161
|
| $9.61 million | 2029 | Serial | 3.375% | 100
|
| $9.97 million | 2030 | Serial | 4% | 104.946
|
| $10,375,000 | 2031 | Serial | 4% | 104.364
|
| $10.8 million | 2032 | Serial | 4% | 103.785
|
| $11.24 million | 2033 | Serial | 4% | 103.374
|
| $11.7 million | 2034 | Serial | 4% | 103.047
|
| $12.18 million | 2035 | Serial | 4% | 102.721
|
| $12,675,000 | 2036 | Serial | 4% | 102.315
|
| $13,195,000 | 2037 | Serial | 4% | 101.992
|
| $13.73 million | 2038 | Serial | 4% | 101.669
|
| $14.29 million | 2039 | Serial | 4% | 101.348
|
| $14,875,000 | 2040 | Serial | 4% | 101.108
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